Is it legal to earn and hold bitcoin ? - page 3.

MWesterweele

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Quote from: PokerFace3 on July 02, 2016, 04:10:59 AM

As i am from country where bitcoin is stated to be a illegal currency so, its ok to earn form small services and signature campaign here and hold my bitcoins ?
I need some suggestions ?
I love bitcoin and i can't leave it !

It is not illegal to hold bitcoin. The illegal is if you using bitcoin in illegal. It is normal to hold bitcoin because it is long term investment.
But if in your country bitcoin is illegal, it is illegal to hold bitcoin.

doctor877

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No body don't know that you are holding bitcoins, but if your government says that is illegal, than it is illegal now days many countries are accepting bitcoins, there is no problem in holding bitcoins.

ardentvolcanoes

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As long as they dont know that you are holding and earning a bitcoin you dont even need to worry about it , you'll be alright then because I think they don't care to some people that is secretly owning a bitcoin and also they don't even notice if you are doing it unless they have monitored your computer, or your phone and your online activities .

btcdiggingmaster

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I hope no body don't know where you are holding your bitcoins only if the person hacks your bitcoin wallets, i hope now a days many countries are accepting bitcoins, but not completely even you can exchanges and you can convert them into your own currency. Each and every country has some exchanges sites i hope. There you can exchange them.BTC

MFahad

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Quote from: PokerFace3 on July 02, 2016, 04:10:59 AM

As i am from country where bitcoin is stated to be a illegal currency so, its ok to earn form small services and signature campaign here and hold my bitcoins ?
I need some suggestions ?
I love bitcoin and i can't leave it !

Where you from?
I don't think bitcoin is illegal currency, may be your government not accept it and your country not use the bitcoin in official lever. So it don't mean that you say that bitcoin is illegal currency.
It is online currency, and most of the countries not accept it but instead of this people are using the bitcoin and invest in it.

TGD

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Quote from: NetFreak199 on July 21, 2016, 12:19:57 AM

Quote from: isen on July 20, 2016, 11:31:37 PM

Even if it's illegal you don't have to be afraid of anything for the simple reason that no one knows that you hold and using bitcoins,unless you reveal it of course but this is never going to happen.

Yeah they don't know that your holding bitcoin so why need to be afraid? And I think for the future it will accept it in your country as a legal currency .much better to start to save now so if the times come that your country legalized bitcoin you had available and I think when it is happen the price of bitcoin is much expensive than the price now.

If you really love bitcoin and it's illegal in your country go to other country that accept bitcoin and leave your country now choose what your heart want Cheesy

or if you don't want to go other country just hide your self that nobody can know that you own it.

groll

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Quote from: ausbit on July 09, 2016, 08:25:38 AM

Quote from: albysprx on July 08, 2016, 07:46:00 PM

in Italy it's legal, but like every country (i think) if you sell it for € you will need to declare it

Yup. It depends in your country, (or in america, state).
Most of the countries have don't consider bitcoins as something illegal but there are some that has banned bitcoins.

You got a point there. Bitcoin maybe both illegal and legal. In some countries where it is accepted it may not be considered as legal like China wherein their state has declared that ownership of bitcoins is considered a civil rights.. But there are countries which forbid ownership of bitcoins and users have problem how to convert them to cash.

Vinz24

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You can hold bitcoin as long your country allows you to use bitcoin.

Herbert2020

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Quote from: NetFreak199 on July 21, 2016, 12:19:57 AM

Quote from: isen on July 20, 2016, 11:31:37 PM

Even if it's illegal you don't have to be afraid of anything for the simple reason that no one knows that you hold and using bitcoins,unless you reveal it of course but this is never going to happen.

Yeah they don't know that your holding bitcoin so why need to be afraid? And I think for the future it will accept it in your country as a legal currency .much better to start to save now so if the times come that your country legalized bitcoin you had available and I think when it is happen the price of bitcoin is much expensive than the price now.

the trouble happens when you try to exchange bitcoin to fiat or vice versa. because there will be a bank in this process involved and they would want to know where the money came from and if it came from a bitcoin exchange service or anything related to that they will flag you if it is illegal in your country.

iv4n

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I heard something about it, I don't know why Nepal decided to make bitcoins illegal. I would hold and use bitcoins in any case, just be careful with whom you talking about and try to protect yourself on several ways.
Delete you browsing history regularly, use incognito tab, if you can use VPN, and once again don't tell to anyone around what are you doing. They can't catch you if you are quiet about it.
I think if you just hold it on one place they will never know that you have any coins, just earn them and keep them. Good luck man!

DOGE12321

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What country is this? Russia? Anyway, I believe that you just contradicted yourself. Doing something illegal is not going to make it legal or vice versa. I am a little confused Huh

.

If my understanding of your question is correct then you might be able to get someone outside your country to manage your bitcoins. It's only a suggestion.

NetFreak199

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Quote from: isen on July 20, 2016, 11:31:37 PM

Even if it's illegal you don't have to be afraid of anything for the simple reason that no one knows that you hold and using bitcoins,unless you reveal it of course but this is never going to happen.

Yeah they don't know that your holding bitcoin so why need to be afraid? And I think for the future it will accept it in your country as a legal currency .much better to start to save now so if the times come that your country legalized bitcoin you had available and I think when it is happen the price of bitcoin is much expensive than the price now.

isen

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Even if it's illegal you don't have to be afraid of anything for the simple reason that no one knows that you hold and using bitcoins,unless you reveal it of course but this is never going to happen.

Dudeperfect

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Illegal is different from ban. I think using such currency is illegal and that does not mean it’s earned or spent against laws of that country but it’s not recognized by the laws of that country. I would suggest you to reconfirm that using bitcoins is illegal or banned in your country. I think few governments will either create obstacles or ban completely the usage of bitcoins in future but still bitcoin will have prominent role in global trade. Right now if you want to be in safe position then don’t spend coins (but still you can earn and hold it in your wallet).

Cast12

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In my country, it is legal to earn and hold bitcoin.

Wind_FURY

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Are there laws that says bitcoins are illegal? How can the make it illegal to use it a piece of software? It's just a bunch of inputs and outputs in a ledger and it's not really a "currency". The closest to bitcoin being a currency is the name because it has the word "coin" in it. There will be legal loop holes in legal cases involving bitcoins for everyday use. No law or case will act as precedent giving the governments around the world one big headache.

Leonard2016

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Quote from: JeffBrad12 on July 20, 2016, 10:40:54 PM

Quote from: Wapinter on July 20, 2016, 05:35:56 PM

Quote from: PokerFace3 on July 02, 2016, 04:10:59 AM

As i am from country where bitcoin is stated to be a illegal currency so, its ok to earn form small services and signature campaign here and hold my bitcoins ?
I need some suggestions ?
I love bitcoin and i can't leave it !

You can hold it on some reliable online wallet but you may face legal problem if you try to cash them into fiat or buy some physical good online.
The best option for you would be hold it online and wait until things change in your country

The best way in my minds using a coin base service and change your BTC into PayPal balance or trying buying PayPal balance with some people in the foreign. you will don't getting a legal problem for doing this way.

it is so much better to either use an exchange and receive it in your bank or if you want the anonymity in this case you should do the trade face to face by receiving cash because paypal is not so different from banks and will record your transactions and also the buyer can charge back and you lose a lot of money.

JeffBrad12

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Quote from: Wapinter on July 20, 2016, 05:35:56 PM

Quote from: PokerFace3 on July 02, 2016, 04:10:59 AM

As i am from country where bitcoin is stated to be a illegal currency so, its ok to earn form small services and signature campaign here and hold my bitcoins ?
I need some suggestions ?
I love bitcoin and i can't leave it !

You can hold it on some reliable online wallet but you may face legal problem if you try to cash them into fiat or buy some physical good online.
The best option for you would be hold it online and wait until things change in your country

The best way in my minds using a coin base service and change your BTC into PayPal balance or trying buying PayPal balance with some people in the foreign. you will don't getting a legal problem for doing this way.

Doamader

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There is no way something be ilegal and possession of any portion of those be legal, the thing is even when bitcoin remains hidden or ilegal you cant expose your coins, you must or spend them or save them till the day bitcoin will be accepted at your country.

Wapinter

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Quote from: PokerFace3 on July 02, 2016, 04:10:59 AM

As i am from country where bitcoin is stated to be a illegal currency so, its ok to earn form small services and signature campaign here and hold my bitcoins ?
I need some suggestions ?
I love bitcoin and i can't leave it !

You can hold it on some reliable online wallet but you may face legal problem if you try to cash them into fiat or buy some physical good online.
The best option for you would be hold it online and wait until things change in your country

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